Charlotte messenger. [volume] (Charlotte, Mecklenburg Co., N.C.) 1882-18??, 1887-01-08
LABOR PUT IN AS CAPITAL
A MOVE in THE RIGHT DIREC.
TION.

A MOVE in THE RIGHT DlKECs
TION.
Senator Stanford, of California, Intro
duces a Bill in the senate to Assist
Working People to Cooperate.
New York Sun.
Senator Leland Stanford, the CAL
ifornia millionaire, introduced in the
United States Senate last week bill
to assist working people to form CO.
operative working associations. SEN
ator Stanford is now at the Windsor
Hotel. He said yesterday:
my bill is to provide for cooper
alton of people with or without money.
1t will enable them to put in their
labor if they have nothing else. or
property or money if they have it.
1t is intended to encourage all labor
organizations. y
''How does it differ from the pres
ent laws regulating the formation of
corporations?'
1T requires no money--no paid-up
capital A man simply puts in his
work. If each has little money they
can put it together to start with, or
one can put in work and another
money. A united body of men would
naturally have more credit than single
men, and would be able to borrow
money. The present laws are good.
If it were not for them, only nlen of
o.ra.t ,,,,o14L Gould ,o dortol>o o,oak
enterprises, but they require pald-up
capital. "
"Then your bill will allow men to
incorporate without capital?"
Don't use the word incorporate or
corporation. 1t is a misnomer. and
has come to have an unfortunate
meaning Say associated The bill
simply proposes to aid and extend the
natural rights ofmen to work together.
Many things could be done by en-
ployees working for themselves.
Most of the clothing worn could be
made in this way. Milliners and
mantua makers could unite. Mechan-
les and farm laborcrs could combine.
They would thus be working for
themselves instead of for master,
and all the profits of the business
would be secured by themselves %
Cannot this be done under the
present laws"
II know of no laws allowing it.
This pushes aside the restrictions of
the present laws"
"Why would not partnership do as
we'll ?"
because when man dies or re-
tires the partnership is dissolved.
An associated body under this law
would have perpetual life-men
could go out or come in without dis
turbing it. 1t would have legal
existence-could sue and be sued,
and lend or borrow money like any
individual. 1t would have an asso-
ciated name."
GLOW was this idea suggested to
you? p
"By early days in California. A
great part of the mining there was
done on that principle. Men associa-
ted themselves together to build fumes,
turn the current of rivers, or tunnel
into hills. While some were busy in
these directions others worked at
places mining, to gain an immediate
profit, and this went for the support
of all until the greater work was fin
ished. BY thus working together
they accomplished great results, where
little could have been done if they
had worked as individuals. :"
"Have you conferred with any of
the labor advocates in regard to it p
mo; it is purely my own notion.
| thought great deal about it last
year, and intended then to introduce
it, but let it lie over. | don't know
whether Congress will approve of it.
| have made no inquiries there. |
don't see what objection there can be
to it. Each laboring man adds his
ability to work, and the sum forms
grand total. This total labor has a
great value If the men forming such
an association have no money, they
can unite with people having capital,
and work together in harmony. The
bill permits them to do this"
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